(For more retail coverage, click GlobeSt.com/RETAIL.)
YUMA, AZ-An affiliate of Inland Real Estate Group of Cos. haspaid $95.7 million for 496,224 sf of inline space in the Yuma PalmsRegional Shopping Center. The one-million-sf lifestyle center, oneof the region's largest, is home to shadow anchors includingTarget, Kohl's and Sam's Club.
Inland picked up the 97%-leased center from its developers, WDPPartners LLC of Phoenix, Whitman Development LLC of Yuma andDillard's Inc. of Little Rock, AR. The center, completed two yearsago at 16th Street and Pacific Avenue, fits Inland's mold when itcomes to retail assets, according to a company contact, who hintedthat other assets are under contract.
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